Leading cryptocurrencies fell alongside major stock indexes on Tuesday as investors awaited the first employment report of the year.
| Cryptocurrency | 24-Hour Gains +/- | Price (Recorded at 8:20 p.m. ET) |
|---|---|---|
| Bitcoin (CRYPTO: BTC) | -1.47% | $69,111.74 |
| Ethereum (CRYPTO: ETH) |
-4.16% | $2,023.35 |
| XRP (CRYPTO: XRP) | -2.41% | $1.41 |
| Solana (CRYPTO: SOL) | -4.07% | $83.46 |
| Dogecoin (CRYPTO: DOGE) | -3.37% | $0.09288 |
Another Losing Day For Crypto Bulls
Bitcoin slipped below $68,000 after days of choppy sideways trading, with trading volume tumbling 18% in the last 24 hours.
Ethereum fell to an intraday low of $1,990, while XRP and Dogecoin also recorded sharp declines.
Shares of cryptocurrency-related companies, including Strategy Inc. (NASDAQ:MSTR) and Bitmine Immersion Technologies Inc. (NYSE:BMNR), closed down 3.93% and 6.99%, respectively.
Nearly $215 million was liquidated from the market in the last 24 hours, according to Coinglass, with $149 million in bullish long bets wiped out.
Notably, nearly $385 million in Bitcoin shorts on Binance risked liquidation if the apex cryptocurrency rebounds to $75,000.
Bitcoin’s open interest dropped 2% over the past 24 hours to $45.07 billion, marking a 52% decline from its …